Yes, you can think of the BP well blowout as the end of the road if you want to – if not the end of the world. Or you can look at how this will change the energy landscape in general, and the oil industry in particular. And then you can get out in front of it, and act and invest accordingly.
[Read more...]Is the BP Oil Spill a Good Thing?
July 23, 2010 By Leave a Comment
“This disaster in the Gulf will bring so much joy, such great future for the US!â€? Marcio Mello said yesterday during his presentation at the Agora Financial Investment Symposium. If you are unfamiliar, Mello is the geological legend responsible for Brazil's massive deep-water oil discoveries in the last few years. He shared his thoughts at our annual Symposium yesterday…
[Read more...]BP Near-Term Quandary
July 19, 2010 By Leave a Comment
BP has successfully capped their leaking oil well… mostly… for now… probably. Though the hole is capped, seeps are already emerging, the Coast Guard said this morning. Plus, the cap is just a temporary solution until a relief well can be completed… then there's that whole issue of the ? million gallons of oil in the Gulf.
[Read more...]Tony Hayward Before Congress: No Sympathy for the Oil Man
June 21, 2010 By Leave a Comment
Poor Tony Hayward.
The man was devoured by zombies last week.
Now that we've figured out how history works, we're begging to see the forces of history at work all around us – an eternal fight between the zombies and the producers. We're surrounded by zombies. They are all around us. Tort lawyers. Bureaucrats. Politicians. Welfare slaves. Chiselers. Layabouts. Whiners.
[Read more...]Oil Spill Leadership Crisis
June 11, 2010 By Leave a Comment
Everyone is looking for someone else to blame…and someone to follow.
America's chief executive is acting tough. He's talking about kicking someone's derriere. He says BP chairman Tony Hayward “wouldn't work for me,� as if he knew what he was talking about. Obama is a former community activist and law professor. What does he know about running a multinational oil company? Or about employing someone?
[Read more...]Oil Spill Leadership Crisis
June 11, 2010 By Leave a Comment
Everyone is looking for someone else to blame…and someone to follow.
America's chief executive is acting tough. He's talking about kicking someone's derriere. He says BP chairman Tony Hayward “wouldn't work for me,� as if he knew what he was talking about. Obama is a former community activist and law professor. What does he know about running a multinational oil company? Or about employing someone?
[Read more...]Crisis Investing
June 10, 2010 By Leave a Comment
Not long ago, several Outstanding Investments subscribers invited me for a sit-down chat. I told them that I love to talk with readers, but I can only chat general themes. I CANNOT offer personal investment advice in the context of a small group.
That is, when it comes to specific recommendations, I only do that in the pages of my newsletters. Everyone was OK with the ground rules. So after juggling our schedules, we wound up in the beautiful oak-paneled lobby of the old Summit Inn, south of Pittsburgh near Uniontown. It's right alongside historic US Highway 40 – the road carved by British colonists from the East Coast into the Western frontier.
[Read more...]Oil Spill “Uh Oh”: Poisonous to Environment AND Politics
May 26, 2010 By Leave a Comment
Deep Do-Do Horizon…
Well, Rand Paul, Ron’s son, has already put his foot in his mouth.
He’s quoted in the news telling the media to back off and give BP a break. “Everybody makes mistakes…” he says.
Of course, Rand is right. Even huge oil companies err. And anyone who tries to drill a hole in the earth’s crust a mile below the surface of the water, is bound to have a few ‘uh oh’ moments.
[Read more...]
Some Oil Spill Perspective
Indeed, even with the government's report declaring the cleanup 75% complete, the Gulf of Mexico recovery will be slow and laborious. And expensive…
As of a few hours ago, there's enough fresh cement in the Macondo oil well to hold down the “mud� that's keeping the oil beneath the seafloor. It's not the final step in plugging the hole, but it's a big one. Now the tallying begins.
[Read more...]